U.K. Fuel Panic Goes On; Drivers Seen Stranded: Energy Update

(Bloomberg) —

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U.K. Prime Minister Boris Johnson is considering bringing in army drivers to fix a supply chain crisis in Britain, with many gasoline stations running dry over the weekend as panic among motorists spreads.

The government has already caved in to industry demands to issue 5,000 short-term visas to truck drivers, yet business leaders and unions said it wouldn’t fix the problem. Fuel supplies had run dry at numerous sites around London, causing anguish for motorists and threatening the ability of key workers to do their jobs.

The risk is that a prolonged fuel crisis will damage the post-pandemic recovery, putting more strain on already stretched supply lines.

Key Developments:

  • Government suspends competition rules in the sector so that companies can share information, considers bringing in the army to assist with deliveries

  • Some members of Petrol Retailers Association are reporting 90% of sites have run dry: Sky; BP Plc…

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